And that's a dangerous process. I'd never advocate for a world without lending but I would state strongly that our world is over-lended. There are many wasted resources that could/should be going into infrastructure and R&D if there was a more sane way of distributing man hours over projects that need to be worked on. Right now there is a lot of politics, luck, and avarice involved with the process of getting any type of currency leverage. I think this is very astute. I don't know what the model would look like when finished, but I think that there is a strong argument for that type of system.every time a loan or similar contract is made, currency is created
It seems to me that an economy that had both inflating assets as well as deflating assets is probably the healthiest approach